“Obviously, it’s a huge advantage to know which customers or products are making you money, and which aren’t doing so well,”
(PRWEB) April 1, 2010
With the recession still hitting many firms, business owners are paying much more attention to detailed analysis of their business performance, according to Grant Hewson, general manager of accounting software provider, Accomplish Ltd.
“During the last year we’ve had numerous requests from small to medium business enterprises (SMEs) for software improvements which provide more detailed management reports, and thus allow much closer control of costs and profit margins,” Grant says.
Those enhancements have been built into the 2010 Version of the company’s popular CashManager software, being released this month.
For instance, users can now see not only the gross dollar profit achieved on every invoice for every customer, but also the percentage profit margin. Business owners can now easily see if invoices are below the average profit margin, look into why this is so and, if necessary, put systems into place to ensure profit margins remain at the optimum level.
The profit margin on different products can be tracked at any stage, and now the cost price can be updated when receiving goods or in adjusting stock.
“Obviously, it’s a huge advantage to know which customers or products are making you money, and which aren’t doing so well,” Grant explains. “That lets you know where best to concentrate your efforts, or where there are problem areas you need to rectify.”
If a customer is running late with payments, a debtor report gives ageing criteria (30 days, 60 days etc), and also allows for penalty charges to be applied to overdue accounts.
On the supplier side of the ledger, CashManager 2010 allows for prompt payment discounts to be applied.
“The new software also provides more detailed profit and sales history reports, comparing different months as well as year-to-date totals,” Grant says.
If further analysis is required, CashManager can export sales history data in a format which can be used within spreadsheet environments.
Also, for keyboard users, CashManager is now 100% keyboard friendly with accelerator or shortcut keys. This will improve productivity for people who prefer to use their keyboard, rather than a mouse, and will be especially helpful to blind or vision impaired users.
“The new version, which is our 15th update, also has a lot of other improvements, designed to make life even easier for our customers,” Grant says.
Originally founded in Australia some 20 years ago, Accomplish is now headquartered in Auckland, New Zealand, and serves its Small Business Accounting Software to more than 25,000 small to medium business enterprises throughout Australasia, as well as the UK and the USA.